Friday June 10, 2016

Citing anonymous sources, Reuters is claiming that Amazon is preparing to launch a streaming music service to compete with the likes of Spotify and Apple. According to the report, Amazon is finalizing licensing deals with major labels as we speak.

The service will be offered at $9.99 per month, in line with major rivals, and it will offer a competitive catalog of songs, the sources said. Amazon is finalizing licenses with labels for the service, which likely will be launched in late summer or early fall, the sources said. Amazon, which offers a free streaming music service with a limited catalog to subscribers of its Prime shipping and video service, did not respond to a request for comment about the new, full-fledged music plan.